Question

Define wealth definition

Answer 1

Answer:

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.

Answer 2

According to economics, wealth refers to the stock of all those assets which are a source of income.